Civic Intelligence

Vision Preparatory Charter School Inc.

990 • Fiscal year 2019 • EIN 45-3734882

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 23, 2019

Organization ProfileWWW.VISIONPREP.ORG
260 Joubert AveMemphis, TN 38109

(901) 775-1018

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.15x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

37th percentile

0.04x

Higher debt load relative to revenue than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

37th percentile

-0.5%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

66th percentile

$94,099

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

18th percentile

-5.6%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$1,073,767

Down $63,932 (-5.6%) from 2018

Net Assets

Down

$910,760

Down $20,262 (-2.2%) from 2018

Liabilities

Down

$163,007

Down $43,670 (-21%) from 2018

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin37th percentile

Revenue

Up

$3,919,138

Up $857,813 (+28%) from 2018

Expenses

Up

$3,939,400

Up $975,467 (+33%) from 2018

Net Income

Down

-$20,262

Down $117,654 (-121%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $1Liabilities 2012: $02012Assets 2013: $0Net Assets 2013: $02013Assets 2015: $486,689Liabilities 2015: $52,083Net Assets 2015: $434,6062015Assets 2016: $610,839Liabilities 2016: $84,327Net Assets 2016: $526,5122016Assets 2017: $827,801Liabilities 2017: $93,645Net Assets 2017: $734,1562017Assets 2018: $1,137,699Liabilities 2018: $206,677Net Assets 2018: $931,0222018Assets 2019: $1,073,767Liabilities 2019: $163,007Net Assets 2019: $910,7602019Assets 2020: $2,206,910Liabilities 2020: $1,033,633Net Assets 2020: $1,173,2772020Assets 2021: $2,239,199Liabilities 2021: $332,926Net Assets 2021: $1,906,2732021Assets 2022: $3,606,103Liabilities 2022: $1,438,132Net Assets 2022: $2,167,9712022Assets 2023: $4,820,956Liabilities 2023: $2,377,228Net Assets 2023: $2,443,7282023Assets 2025: $4,518,376Liabilities 2025: $865,255Net Assets 2025: $3,653,1212025

Highlighted filing

2019

Assets$1,073,767
Liabilities$163,007
Net Assets$910,760
Open 2019 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $02013Revenue 2015: $1,828,261Expenses 2015: $1,393,655Net Income 2015: $434,6062015Revenue 2016: $1,680,215Expenses 2016: $1,588,309Net Income 2016: $91,9062016Revenue 2017: $2,340,606Expenses 2017: $2,061,635Net Income 2017: $278,9712017Revenue 2018: $3,061,325Expenses 2018: $2,963,933Net Income 2018: $97,3922018Revenue 2019: $3,919,138Expenses 2019: $3,939,400Net Income 2019: -$20,2622019Revenue 2020: $3,948,400Expenses 2020: $3,685,883Net Income 2020: $262,5172020Revenue 2021: $4,815,802Expenses 2021: $4,082,806Net Income 2021: $732,9962021Revenue 2022: $5,410,170Expenses 2022: $5,145,642Net Income 2022: $264,5282022Revenue 2023: $5,527,002Expenses 2023: $5,269,694Net Income 2023: $257,3082023Revenue 2025: $5,982,973Expenses 2025: $4,967,914Net Income 2025: $1,015,0592025

Highlighted filing

2019

Revenue$3,919,138
Expenses$3,939,400
Net Income-$20,262
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 23, 2019
Return Version
2018v3.1
Gross Receipts
$3,919,138
Mission and Program Overview

Mission

To prepare kindergaten through fifth grade students with the academic and ethical foundation necessary to excel in middle school, thrive in high school, and graduate from college.

To prepare kindergarten through fifth grade students with the academic and ethical foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$370,709$575,106▲ $204,397
Land, Buildings, and Equipment, Net$319,750$267,318▼ $52,432
Accounts Receivable$55,580$28,002▼ $27,578
Total Assets$1,137,699$1,073,767▼ $63,932
Other Assets Total$391,660$203,341▼ $188,319
Liabilities
Other Liabilities$152,026$138,258▼ $13,768
Accounts Payable and Accrued Expenses$54,651$24,749▼ $29,902
Total Liabilities$206,677$163,007▼ $43,670
Net Assets / Fund Balance
Unrestricted Net Assets$931,022$892,100▼ $38,922
Temporarily Rstr Net Assets-$18,660-
Total Net Assets Fund Balance$931,022$910,760▼ $20,262
Total Liabilities and Net Assets / Fund Balance$1,137,699$1,073,767▼ $63,932

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$267,318$303,623$570,941
Other Assets Org$12,443--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tom BentonDirector & FFT$94,099$94,099

Board Members and Trustees

NameTitle
Marvin ToddBoard Chair
Duple TravillionBoard Member
Joey SulipeckBoard Member
John CoatesBoard Member
Kurt VoldengBoard Member
Henry Reaves IiiBoard Secret
Carrie CarpenterBoard Vice-c
Lenita PattonParent Rep
Revenue and Support

Revenue Composition

Contributions and Grants
$694,285
Program Service Revenue
$3,223,979
Investment Income
$874
Other Revenue
$0
All Other Contributions
$275,065
Change in Net Assets
$-20,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,919,138
Total Revenue per Audited Statements
$3,919,138
Total Revenue per Form 990
$3,919,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,939,430
Other Expenses$999,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,158,681--$2,158,681
Occupancy$323,892--$323,892
Pension Plan Contributions$312,155--$312,155
Other Employee Benefits$196,468--$196,468
Payroll Taxes$167,792--$167,792
Depreciation Depletion$127,601--$127,601
Current Officers, Directors, Trustees, and Key Employees$104,334--$104,334
Office Expenses$65,704--$65,704
Fees for Services Other$43,963--$43,963
Insurance$42,048--$42,048
Travel$15,387--$15,387
Fees for Services Accounting$12,000--$12,000
Other Expenses$10,595--$10,595
Information Technology$10,520--$10,520
All Other Expenses$8,244--$8,244
Total Functional Expenses$3,939,400$0$0$3,939,400

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,939,400
Total Expenses per Audited Statements$3,939,400
Total Expenses per Form 990$3,939,400
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows - Gasb 68$108,478
Retirement Contributions$29,780
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the signing officer before filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts of interest are described in article v, section 5 of the by- laws. Board oversees compliance.”

Form 990, Page 6, Part VI, Line 19

“Docements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Vision Preparatory Charter School
EIN
45-3734882
Phone
9017751018
Address
260 JOUBERT AVE, MEMPHIS, TN 38109

Signing Officer

Name
Sonja Jones
Title
Finance Director
Phone
9017751018
Signed
2019-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Todd
Formed
2013
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
85
Volunteers
12

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
6525 N QUAIL HOLLOW SUITE 500, MEMPHIS, TN 38120
Preparer
Charles E Mclean CPA
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Operation of a kindergarten through fifth grade charter school.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112443
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt129780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RETIREMENT CONTRIBUTIONS
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IRS990ScheduleD/TotalExpensesPerForm990Amt03939400
IRS990ScheduleD/TotalLiabilityAmt0138258
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF A KINDERGARTEN THROUGH FIFTH GRADE CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE SIGNING OFFICER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE DESCRIBED IN ARTICLE V, SECTION 5 OF THE BY- LAWS. BOARD OVERSEES COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt018660
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01137699
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IRS990/TotalContributionsAmt0694285
IRS990/TotalEmployeeCnt085
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt03939400
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0163007
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IRS990/TotalProgramServiceExpensesAmt03939400
IRS990/TotalProgramServiceRevenueAmt03223979
IRS990/TotalReportableCompFromOrgAmt094099
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03224853
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03919138
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01137699
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01073767
IRS990/TravelGrp/ProgramServicesAmt015387
IRS990/TravelGrp/TotalAmt015387
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0931022
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0892100
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IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038109
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.VISIONPREP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SONJA JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09017751018
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISION PREPARATORY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0VISI
ReturnHeader/Filer/EIN0453734882
ReturnHeader/Filer/PhoneNum09017751018
ReturnHeader/Filer/USAddress/AddressLine1Txt0260 JOUBERT AVE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038109
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId057DA44046E02AE91CBE12B1F07D1FCEC562DFDAD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00C8C265C4165BE1CED7CBD3984F2278E7749C4D0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.167.238.8
ReturnHeader/FilingSecurityInformation/IPDt02019-12-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:54:15
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621110839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER THOMPSON ARNOLD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06525 N QUAIL HOLLOW SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016841170
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES E MCLEAN CPA
ReturnHeader/ReturnTs02019-12-26T15:54:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,073,767
Liabilities
$163,007
Net assets
$910,760
Revenue
$3,919,138
Expenses
$3,939,400
Net income
-$20,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$0.87$3.65$5.98$4.97$1.02
2023Summary only. Only limited summary data is available for this year.$4.82$2.38$2.44$5.53$5.27$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$1.44$2.17$5.41$5.15$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.33$1.91$4.82$4.08$0.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$1.03$1.17$3.95$3.69$0.26
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.16$0.91$3.92$3.94$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.21$0.93$3.06$2.96$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.09$0.73$2.34$2.06$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.08$0.53$1.68$1.59$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.05$0.43$1.83$1.39$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits